[Hidden-tech] web design for the Northampton Survival Center

[Charlie Heath]

Consider it this way.  You can do your for-pay work, and donate the funds to
the charity. You're taxed for your work, but you get a deduction for the
full amount you earned.

If you donate a car, you paid for that with after-tax funds to start with.

You do get a better break if you donate appreciated assets; for that, you
don't have to pay the income tax on the appreciation of the assets, but you
do get to deduct the full amount. So the rules are not completely uniform,
things are skewed a bit in favor of those that have, but what else is new?
At least this encourages large donations, albeit they typically are made to
Ivy League schools in departments that don't need the money.
 
Charlie Heath
Blue Herring Consulting


-----Original Message-----
From: hidden-discuss-bounces at lists.hidden-tech.net
[mailto:hidden-discuss-bounces at lists.hidden-tech.net] On Behalf Of
Edbride-PR
Sent: Monday, January 22, 2007 3:12 PM
To: 'Hidden Tech'
Subject: Re: [Hidden-tech] web design for the Northampton Survival Center

Agreed, but this screws people who only have their time to sell. If I donate
a car, I get to deduct fair value. But if I donate my time, which could
otherwise be spent earning money doing the same thing for a paying client,
I'm still just a nice fellow who donated his time.
 
I'm not talking about serving on a Board or a committee, pro-bono. If
someone earns their living providing professional services, be they legal,
accounting, PR, or whatever, and they suspend gainful work while donating
these services to a charity or other non-profit organization, it is treated
differently than if they donated hard goods.
 
OK, it is what it is,
Ed
 

	----- Original Message ----- 
	From: Rikk Desgres <mailto:all at pinehurstpictures.com>  
	To: 'Hidden Tech' <mailto:hidden-discuss at lists.hidden-tech.net>  
	Sent: Monday, January 22, 2007 1:39 PM
	Subject: Re: [Hidden-tech] web design for the Northampton Survival
Center
	
	
	  
	

	
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	An old former IRS agent told me that I could deduct 100% of any
money earned on a job I did for free for a not for profit. Another words, I
didn't earn anything, so I don't have to pay taxes on something I didn't
earn. If I also didn't pay anything out (like I would when I give money to
charity) it's all even. People should be donating their time because they
believe in the cause, not because they night get something back from Uncle
Sam.